Project Description

Zaifu YANG

Full-time Staff

Title UMDF Chair Professor of Economics
Office Room 4005, Humanities and Social Sciences Building, University of Macau, E21B
Telephone 8822 4274
Website https://scholar.google.com/citations?user=p5KwP-oAAAAJ&hl=en
Email zaifuyang@um.edu.mo

Research Interests

Primary

  • Auction/Market/Mechanism Design
  • Economic Theory
  • Development,  Sustainability, Taxation
  • Competition and Cooperation, Game Theory
  • Rights and Obligations, Social Choices

Secondary

  • Algorithms/Computing
  • Discrete Optimization
  • Fixed Point Theory
  • Operations Research

Selected Publications

Consumption, Wealth, Frugality, and Economic Growth. Annals of Economics and Finance,  2024, vol. 25, pp. 31–61 (with Rong Zhang).

Efficiency, Stability, and Commitment in Senior Level Job Matching Markets. Journal of Economic Theory,  2021, vol. 194, 105259 (with Ning Sun).

Efficient Kidney Exchange with Dichotomous Preferences. Journal of Health Economics, 2021, vol. 80, 102536 (with Yao Cheng).

Random Decentralized Market Processes for Stable Job Matchings with Competitive Salaries. Journal of Economic Theory, 2016, vol. 165, pp. 25–36 (joint with Bo Chen and Satoru Fujishige).

An Efficient and Incentive Compatible Dynamic Auction for Multiple Complements. Journal of Political Economy, 2014, Vol. 122, No. 2, pp. 422–466 (With Ning Sun).

Discrete Fixed Point Analysis and Its Applications. Journal of Fixed Point Theory and Applications (a special issue in honour of Professor Steve Smale), 2009, vol. 6, pp. 351-371. 

A Double-Track Adjustment Process for Discrete Markets with Substitutes and Complements. Econometrica, 2009, Vol. 77, No. 3, pp. 933–952 (With  Ning Sun).

On the Solutions of Discrete Nonlinear Complementarity and Related Problems. Mathematics of Operations Research, 2008, Vol. 33, No. 4, pp. 976-990.

 Equilibria and Indivisibilities: Gross Substitutes and Complements. Econometrica, 2006, Vol. 74, No. 5,  pp. 1385–1402 (With Ning Sun).

A Note on Kelso and Crawford’s Gross Substitutes Condition. Mathematics of Operations Research, 2003, Vol. 28, No. 3, pp. 463–469 (With Satoru Fujishige).

Equilibrium in an Exchange Economy with Multiple Indivisible Commodities and Money. Journal of Mathematical Economics,  2000, Vol.33, pp. 353-365.

The Computation of a Continuum of Constrained Equilibria. Mathematics of Operations Research,  1996, Vol. 21, No. 3, pp. 675-696 (With Jean-Jacques Herings and Dolf Talman).

A Simplicial Algorithm for Computing Robust Stationary Points of a Continuous Function on the Unit Simplex. SIAM Journal on Control and Optimization, 1996, Vol. 34, No. 2, pp. 491 — 506.